Alcorn County EPA utility deposit bonds.
2% of amount, $100 min.
When Alcorn County Electric Power Association asks for a security deposit to start or keep electric service, a surety bond can stand in for the cash. The association sets the deposit amount; the premium is 2% of that amount, with a $100 minimum, shown at the application.
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Apply to filed in one sitting.
No underwriting queue for the standard utility deposit bond — enter your amount, pay, and deliver the executed bond to the association. Here is the whole thing:
Apply online
Your details, the address of the location covered, the deposit amount, and the effective date — that is the entire application.
Issued on the spot
Most applications approve instantly and the executed bond is generated as soon as you pay. If a check runs on a larger amount, it is a soft pull that never affects your credit score.
File with Alcorn County EPA
Deliver the executed bond to the association in place of the cash deposit so your electric service can start or continue. Wet-ink originals mailed on request.
What it is and who needs it.
What the utility deposit bond actually does
Alcorn County Electric Power Association is the member-owned electric cooperative serving Corinth and Alcorn County, Mississippi. Like most utilities, it can require a security deposit before connecting service — especially for a new account or a commercial location — to protect against unpaid bills.
A utility deposit bond is a surety bond the association accepts in place of that cash deposit. It guarantees that if you fail to pay your electric bill, the association can recover the unpaid amount up to the bond’s limit — so you satisfy the deposit requirement without tying up cash.
It is not insurance for you — if the surety pays the association on an unpaid balance, you repay the surety. We issue the amount the association set; the premium is 2% of that deposit, with a $100 minimum. The application collects no credit section.
You need this bond if you are
One application, issued on the spot.
Submit the application with the deposit amount the association required — the executed bond is generated instantly, ready to deliver.
Start the application →Common questions.
Other Mississippi bonds.
Utility deposit bond, issued today.
Premium is 2% of the deposit amount ($100 minimum). Enter the deposit the association required and keep your cash.